Anchor Investment Management LLC Sells 1,645 Shares of Invesco NASDAQ 100 ETF $QQQM

Anchor Investment Management LLC trimmed its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,400 shares of the company’s stock after selling 1,645 shares during the period. Anchor Investment Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $7,798,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA bought a new position in Invesco NASDAQ 100 ETF during the first quarter valued at about $25,000. Westwind Capital bought a new position in Invesco NASDAQ 100 ETF during the first quarter valued at about $27,000. NorthRock Partners LLC bought a new position in Invesco NASDAQ 100 ETF during the first quarter valued at about $28,000. Crews Bank & Trust increased its stake in Invesco NASDAQ 100 ETF by 328.6% during the first quarter. Crews Bank & Trust now owns 150 shares of the company’s stock valued at $29,000 after acquiring an additional 115 shares during the period. Finally, HHM Wealth Advisors LLC increased its stake in Invesco NASDAQ 100 ETF by 273.2% during the first quarter. HHM Wealth Advisors LLC now owns 153 shares of the company’s stock valued at $30,000 after acquiring an additional 112 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 0.3%

NASDAQ QQQM opened at $238.99 on Wednesday. The stock’s 50 day moving average is $233.19 and its two-hundred day moving average is $213.72. The company has a market capitalization of $57.30 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $240.11.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were issued a $0.3161 dividend. This represents a $1.26 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 23rd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

Invesco NASDAQ 100 ETF Profile

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.